Gift in exchange for income for life

A Charitable Gift Annuity is an option that pays you or a loved one income for life, earns you a tax deduction, and even helps you avoid certain taxes — all while helping us continue our mission to lead souls to Heaven.

Benefits:

• You will receive fixed payments that will not fluctuate with the ups and downs of financial markets.
• You are entitled to a charitable tax deduction in the year you make your gift, and if you donate appreciated securities, your capital gains tax will be reduced.
• A portion of your gift annuity payments will be tax-free.
• Your payments can be deposited directly to your checking or savings account.

How it works:

1. We proudly partner with the National Catholic Community Foundation (NCCF) to issue and manage charitable gift annuities.
2. The minimum gift amount is $10,000 and the minimum age is 60.
3. You donate cash, appreciated stock, or a gift from your IRA (which is called a Qualified Charitable Distribution) to the NCCF to fund a gift annuity. [See a description of special guidelines for a gift annuity funded with a QCD below.]
4. Gift annuity rates are determined by your age (or the age of the person receiving payments, if you name another annuitant).

Next steps:

• Want to Learn More? Our Mission Advancement Team is here to guide you through the process and answer any questions you may have. Call 800-671-2020 or email [email protected].
• Get a Personalized Description of Benefits
  • Use the NCCF Charitable Gift Annuity Calculator
  • Or contact our Mission Advancement Team
• Ready to Get Started?
  • Download the application here
  • Download Disclosure Statement here

A New Opportunity: Fund Your Gift Annuity with a Gift from Your IRA
Thanks to legislation enacted in 2023, you can now fund a Charitable Gift Annuity with a Qualified Charitable Distribution (QCD) from your IRA and enjoy additional tax savings.

Key Considerations for QCD-Funded CGAs:

• You must be at least 70½ years old to use this option.
• Annuity payments must be made to the donor and/or the donor’s spouse.
• This election can be made in one tax year only, using a traditional IRA or inherited IRA.
• You may create multiple gift annuities, even with different charities, but the total lifetime limit for QCD-funded gift annuities is $54,000 per taxpayer in 2025.
• While the QCD is not taxable income, it does not qualify for a charitable deduction.
• QCDs count toward your Required Minimum Distribution (RMD) for the year.
• All payments from a QCD-funded gift annuity will be fully taxable as ordinary income.